RIO DE JANEIRO, BRAZIL - The economic disaster that befell the airline industry in the pandemic promises to change the configuration of the Brazilian civil aviation market, generating greater concentration - which rekindles the debate surrounding the risks of little competition for the final price of tickets.
According to IATA (International Air Transport Association), there was a drop of almost 70% in global passenger demand. Revenue decline reached 61%.
"The significant drop in demand, with the respective loss of fare and commercial revenues, along with the shutdown of services and unexpected variations in exchange rates, complicated things for the sector," IATA says . . .